Lorcan O’Connor:“We met many people who didn’t actually realise that they were, in fact, insolvent.”    Photograph: Eric Luke

Comments by the chief executive of the Insolvency Service of Ireland arising from its third-quarter statistics are more worrying than the abject failu(...)

Research found many people are scrimping on food and prioritising bills but are too embarrassed to seek help - or don’t actually see themselves as insolvent. Photograph: Getty Images

Many people struggling with debt are still living below what is considered a reasonable living standard, according to the Insolvency Service of Irelan(...)

Insolvency Service of Ireland director Lorcan O’Connor:  “It will be the second quarter of 2014 before large volumes of cases complete the process.” Photograph: Eric Luke

Legislation to change the insolvency process is “neither contemplated nor necessary”, the director of the Insolvency Service of Ireland has said.Lorca(...)

Insolvency Service of Ireland director Lorcan O’Connor. A spokesman for the service said the insolvency system involved a “100-day process”. Photograph: Eric Luke

Only 11 protection certificates for debt resolution arrangements have been issued by the courts since the Insolvency Service of Ireland opened for bus(...)

A Donegal man’s  debt settlement arrangement  have been formally approved by the courts. His creditors will receive just over 20 per cent of what they were owed provided his financial circumstances do not change in the next five years

A Health Service Executive worker from Donegal has become the first person in the country to have a debt settlement arrangement formally approved by t(...)

Three of the country’s major banks were involved in the arrangement, provided for by new legislation, along with three other creditors.

A Donegal civil servant has become the first person in the country to have a debt settlement arrangement agreed by his creditors.Three of the country’(...)

The country’s first proposed debt settlement arrangement has been accepted by creditors at a meeting in Dublin today.Creditors voted by a majority of (...)

A brother and sister granted protection certificates for debt settlement arrangements in the Dublin Circuit Court today will  have the protection of the courts for 70 days.

Dublin’s first protection certificates for debt settlement arrangements were granted at the Circuit Court today.Judge Susan Ryan granted the certifica(...)

Barrister Vincent P Martin of New Beginnings:  has predicted an “avalanche” of cases in the coming months once legislation that shortens the bankruptcy terms from 12 to three years is enacted

Hundreds of personal insolvency and debt settlement arrangements are “in the pipeline” following the issuing of the State’s first certificate of prote(...)

The Insolvency Service of Ireland issued a statement saying, inter alia, “the professional standing of a borrower is not expected to be a factor in this assessment”.

It was about as inauspicious a first day as you could fear. Barely had the Insolvency Service of Ireland opened for business than one of the 37 quali(...)